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1.1 Main economic groups and factors of production

1.1 Main economic groups and factors of production

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Question 6

A rise in household demand for electric buses leads firms to expand production and the government to install charging points. Which chain best shows interdependence?

[1]
A

Government spending removes the need for producers

B

Consumer choices influence producers, whose expansion may depend on government action

C

Producers determine household wants without receiving price signals

D

Consumers directly combine all factors of production

Markscheme

1.1 Main economic groups and factors of production Questions

  1. GCSE
  2. /Economics
  3. /1.1 Main economic groups and factors of production

29 exam-style questions on OCR GCSE Economics 1.1 Main economic groups and factors of production, covering 1.1.1 Role of main economic groups and 1.1.2 Factors of production. Each one has a worked solution and a mark scheme showing where the marks go.

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